5 Ways IIoT Will Revolutionize the Oil and Gas Industry | IoT For All
According to Rigzone, the oil and gas industry will be facing losses in the next couple of years as the Baby Boomer-aged workers begin to retire and there are less people with industry expertise to assume the vacant roles. Big data analysis and remote visibility will help companies better manage their assets and use their findings to optimize production. Leveraging the capabilities of IIoT can reduce troubleshooting time from days to minutes, which leaves more time to spend on other operational aspects of the business.
Oil and gas have been facing challenges, largely attributed to the antiquated and inefficient approach that many companies take to maintain assets and collect data.